Markel wraps up SureTec acquisition

Specialty carrier Markel has completed its $250mn acquisition of
SureTec Financial, transferring the surety provider's entire
staff to its US insurance segment under the continuing leadership
of CEO John Knox Jr in Houston.
The top-20 provider of contract and commercial surety bonds
officially became part of Markel on 28 April, Richmond,
Virginia-based Markel said. The company has been renamed Markel
Surety Corporation.
Commenting on new opportunities created by the change, Knox
said: "We will e